Tuesday, November 5

Tag: DTDC

Logistics Management Software Provider FarEye Raises $3.5 Million
23Jun By sharadNo Comments
FUNDING

Logistics Management Software Provider FarEye Raises $3.5 Million

FarEye, a logistics management software provider, today said it has raised USD 3.5 million (Rs 20 crore) from SAIF Partners. The series A funding will be used for business expansion to other territories, FarEye said in a statement. There is a strong road-map of product enhancement for next 12 months and new features will be added regularly, it added. The company plans to integrate with IoT platforms and drones to enable automated delivery. "We are profitable B2B startup and believe in organic growth. Plagued by operational inefficiencies and high costs, the USD 60,000 billion logistics industry provides a huge opportunity to FarEye. We are here to streamline logistics in all industry verticals," FarEye co-founder Kushal Nahata said. Established in 2013 by Kushal Naha...
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DTDC Express Invested $1 million in Logistics Firm Shipsy
6Apr By AdityaNo Comments
FUNDING

DTDC Express Invested $1 million in Logistics Firm Shipsy

Logistics major DTDC Express has picked up 20 per cent stake in Gurgaon-based Llama Logisol, which operates logistics solutions provider Shipsy, for over USD 1 million (Rs 6.65 crore). Shipsy was founded in June last year by IIT graduates, Soham Chokshi, Dhruv Agrawal, Maharshi Devraj and Himanshu Gupta. Abhishek Chakraborty, Executive Director of DTDC Express, said the investment in Shipsy would go a long way in helping it adopt disruptive technologies. "DTDCs investment in Shipsy would go a long way in helping itself adopt disruptive technologies in its future growth segments of eCommerce and e-fulfilment," Chakraborty added. In September last year, Shipsy had received angel funding from Dheeraj Jain, the managing partner of Redcliffe Capital. After Jain came on board, Ship...
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